I'm sure that I'm not the only one a little confused with how this process works. My concern is what I'm paying now and what it may be in 2 years, after the reval is complete.

My home was built in the 20s and the area is run down. (guess what part of JC that is). If the home was assessed at $105K + in 1988, and I'm paying in excess of 10K + now, what will someone like me expect as a reval for 2011-2012? Could the reval go to $300K? If so, does this then place me in a $30K a year tax hole? That would force myself as well as a lot of other hard working people to sell and move.